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03/28/2013 | Exploration & Production |

Eni, five Gulf of Mexico exploration blocks

Eni's highest bid at the Central Gulf of Mexico Lease Sale 227 in New Orleans won the company five offshore exploration blocks located in Mississippi Canyon and Desoto Canyon in water depths from 400 to 2500 m. Eni's press release notes that the blocks consolidate its position in two high potential ...


03/28/2013 | Exploration & Production |

Angola, Eni discovers more crude

Eni has made its ninth oil discovery in block 15/06 offshore Angola in deep water, increasing the West Hub project's potential. The discovery was made through the Vandumbu 1 well 150 km from the coast, drilled at a water depth of 976 m and reaching a total of 4,107 m. Additional drilling from the Va ...


03/28/2013 | Natural Gas - Lng - Lpg |

Scaroni, US will export Lng to Europe

The United States is about to export liquid gas to Europe in the wake of the shale gas revolution which has rendered the country independent as far as this raw material is concerned. That is why Eni has the obligation of reviewing all its natural gas take or pay contracts with producing countries. P ...


03/28/2013 | Electricity |

Anie Confindustria meets Enel

In 2013, the infrastructure and grid division of Enel plans on investing a total of 1100mn in its own plants, and will spend another 300mn on maintenance. The data come from the meeting at Anie Confindustria's headquarters during which Enel presented its investment plan for this year to suppliers of ...


03/28/2013 | Companies |

TotalErg, securitization for 200mn

TotalErg has completed a securitization of 200mn euros of trade receivables for 200mn euros. The company announcement specifies that the transaction provides for their assignment on a revolving basis for a five-year duration, and refinances the preceding 150mn euro securitization carried out by Erg ...


03/28/2013 | Companies |

Acea: Paolo Gallo's in, Marco Staderini's out

The lists of candidates for the Acea board of directors and board of auditors in view of the shareholders meeting on April 15, or April 22 in second call, have been presented. Majority shareholder Roma Capitale has put up the following individuals: Giancarlo Cremonesi (current chairman), Antonella I ...


03/28/2013 | Companies |

Saras: more Ebitda, low investments

Closing with Rosneft imminent

Increased energy and operational efficiency; pursuit of new commercial opportunities; no investments in growth (“they have already been made”) but only for maintaining plants that are perfectly operational and safe; an increase in Ebitda by 2015 of 60-80mn euros thanks to a series of “Focus” initiat ...


03/28/2013 | Renewables and Conservation |

Erg Renew, project financing for 35mn for Amaroni wind park

Erg Eolica Amaroni (100% Erg Renew) has signed a project financing contract for its wind park in the province of Catanzaro, which began operations in the fourth quarter of 2012 with an installed capacity of 22.5 MW. The company explains that the contract provides for a loan of up to 35mn euros for a ...


03/28/2013 | Renewables and Conservation |

Egp, first wind farm in Chile begins operations

Egp's first wind farm in Chile has begun operations in Talinay. A company press release reports that the Talinay wind farm has an installed capacity of 90 MW and will be able to generate up to 200mn kWh per year once fully operational. The new plant's construction cost around $165mn.
The compan ...


03/28/2013 | Renewables and Conservation |

Egp, two new wind farms in Spain

Enel Green Power España has connected two new wind farms to the grid in the province of Málaga, which add an additional 70 MW to its total installed capacity in Andalusia. The Angosturas farm, located in the municipalities of Campillos and Teba, consists of 18 wind turbines of 2 MW each, for a total ...


03/28/2013 | Contracts |

Wind power, Siemens awarded order for 80 turbines for North Sea wind farm

Siemens has been awarded an order by the Wpd group in Germany for the supply, installation, and maintenance of 80 SWT-3.6-120 wind turbines for the offshore wind plant of Butendiek in the North Sea. A company press release explains that the plant will begin operating in 2015 and the total power will ...


03/21/2013 | Exploration & Production |

Tempa Rossa, Total sells 25% to Mitsui

Total has announced that it has sold 25% of the Tempa Rossa field in Basilicata to Mitsui E&P. Total still has 50% and Shell 25%. The sale will be valid once Italian authorities have approved the operation. Olivier de Langavant, Senior Vice President, Strategy, Business, Development and R&D of Total ...


03/21/2013 | Exploration & Production |

Mozambique, Eni sells 20% to Cnpc

As a confirmation of rumors, Eni Ceo Paolo Scaroni and the Ceo of Petrochina Company, a company controlled by China National Petroleum Corporation (Cnpc), Zhou Jiping, signed an agreement in Beijing for Eni's sale to Cnpc of 28.57% of Eni East Africa's shares, owner of the 70% interest in Area 4, in ...


03/21/2013 | Companies | G.P.

Snam: we are investing to become a hub

Natural gas consumption up again from 2017

Snam's investments in its business plan aim to increase liquidity and flexibility in the national market, where consumption should pick up again in 2017, and to make Italy a hub for natural gas transit toward European markets. Ceo Carlo Malacarne, speaking of the company's strategy in London for the ...


03/21/2013 | Oil Market |

Chevron, Lubex to handle Texaco lubricant sales in Italy

Chevron Lubricants has assigned to Lubex SpA of Milan sales of Texaco lubricants in Italy. Chris Dyer, Export sales manager of Chevron Lubricants, explained that “Italy is an important market for us, and we are happy to be able to face the challenge of the market with Lubex; in Italy we have had yea ...


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